Category: NAIC

Models will allow for the annual collection of detailed information on insurers’ corporate governance practices The National Association of Insurance Commissioners (“NAIC”) announced today, August 18, 2014, that it has adopted a Corporate Governance Annual Disclosure Model Act (“Model Act”) …

  The current maelstrom surrounding commercial transportation-sharing services takes the spotlight at the upcoming National Association of Insurance Commissioners (“NAIC”) Summer 2014 National Meeting, together with the ongoing debate over international capital standards.  The event is scheduled to be held …

Above:  NAIC CEO Ben Nelson Announced the Launch of a State-Based Insurance Regulation Education Campaign Today   The National Association of Insurance Commissioners (“NAIC”) announced today, July 16, 2014, that it has launched “Protecting the Future,” an educational initiative about …

The National Association of Insurance Commissioners (“NAIC”) Executive Committee recently voted unanimously to accept the recommendation from its Governance Review Task Force to retain a consultant to assist in a comprehensive review of NAIC governance.  To view specific actions to …

  As originally set forth by its 2008 Reinsurance Regulatory Modernization Framework Proposal, the National Association of Insurance Commissioners (“NAIC”) has once again committed to re-examine the amounts of reinsurance collateral required of certified reinsurers that are licensed and domiciled …

  In its ongoing discussions on the the appropriate scope, form, and accounting basis for group-wide financial reporting and the use of such reports, the National Association of Insurance Commissioners (“NAIC”) Group Solvency Issues Working Group (“Working Group”) has narrowed …

  During recent discussions within the National Association of Insurance Commissioners’ (“NAIC”) about acceptable forms of security for the purposes reinsurance collateral, an issue with certain language in the NAIC’s Credit for Reinsurance Model Law and Regulation that references “Securities …

  Comments on recommended changes to the National Association of Insurance Commissioners’ (“NAIC”) Insurance Holding Company Model Act and Regulation, the NAIC’s Financial Analysis Handbook, and a proposed new annual statement supplement designed to obtain insurance group-level information are expected …

  As a follow-up to the recent National Association of Insurance Commissioners Spring 2014 National Meeting, A.M. Best Company hosted a live recap of the event via Webinar on April 4, 2014. Moderator Lee McDonald of A.M. Best was joined …

  After rejecting a request to exempt insurers that write less than $500 million in direct written and assumed premiums from having to file an annual corporate governance disclosure, the National Association of Insurance Commissioners (“NAIC”) Corporate Governance Working Group …